Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
990 • Fiscal year 2020 • EIN 54-1854399
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
Liabilities / Revenue
76th percentile
Higher debt load relative to revenue than 76% of similar nonprofits.
Net Margin
23rd percentile
Higher net margin than 23% of similar nonprofits.
Top Officer Pay
89th percentile
Higher top officer pay than 89% of similar nonprofits.
Top officer pay equals 7.8% of source-year revenue.
Asset Growth
53rd percentile
Faster asset growth than 53% of similar nonprofits.
Revenue Growth
40th percentile
Faster revenue growth than 40% of similar nonprofits.
Assets
Up$4,538,318
Up $297,791 (+7.0%) from 2019
Net Assets
Down$3,394,738
Down $183,367 (-5.1%) from 2019
Liabilities
Up$1,143,580
Up $481,158 (+73%) from 2019
Revenue
Down$2,442,400
Down $106,017 (-4.2%) from 2019
Expenses
Down$2,678,377
Down $215,393 (-7.4%) from 2019
Net Income
Up-$235,977
Up $109,376 (+32%) from 2019
The foundation determines the patentability and obtains patents on virginia commonwealth university (vcu) inventions and markets and licenses such inventions to commerical entities. The foundation's activities promote research efforts at the school and resulting royalties provide economic support for the university. The foundation also provides patent and licensing clinics for vcu students and employed approximately 1 vcu student as an intern or part-time employee.
Virignia commonwealth university intellectual property foundation's mission is to foster a culture of innovation at virginia commonwealth university (vcu) and to protect and commercialize inventions created by the vcu research enterprise for the benefit of society.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $2,554,451 | $2,682,885 | ▲ $128,434 |
| Accounts Receivable | $689,674 | $1,202,694 | ▲ $513,020 |
| Cash and Non-Interest-Bearing Accounts | $955,757 | $623,294 | ▼ $332,463 |
| Prepaid Expenses and Deferred Charges | $25,196 | $21,116 | ▼ $4,080 |
| Land, Buildings, and Equipment, Net | $15,449 | $8,329 | ▼ $7,120 |
| Total Assets | $4,240,527 | $4,538,318 | ▲ $297,791 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $479,184 | $850,984 | ▲ $371,800 |
| Other Liabilities | $183,238 | $292,596 | ▲ $109,358 |
| Total Liabilities | $662,422 | $1,143,580 | ▲ $481,158 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,578,105 | $3,394,738 | ▼ $183,367 |
| Total Net Assets Fund Balance | $3,578,105 | $3,394,738 | ▼ $183,367 |
| Total Liabilities and Net Assets / Fund Balance | $4,240,527 | $4,538,318 | ▲ $297,791 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $8,329 | $13,031 | $21,360 |
| Other Securities | $1,427,406 | - | - |
| Name | Title |
|---|---|
| Dr Ivelina S Metcheva | President |
| Dr Gopinath Jadhav | Director |
| Dr Reinhold Brand | Director |
| Mr Gary Leclair | Director |
| Mr Spencer Williamson | Director |
| Nancy Eberhardt | Director |
| P Srirama Rao | Ex-officio |
| L Frankin Bost | Secretary |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Whitham Curtis & Cook PC | Development Costs | 11491 SUNSET HILLS ROAD SUITE 340, Reston, VA 20190 | $512,264 |
| Richard T Marconi | Royalties | 1 WELWYN PLACE, Richmond, VA 23229 | $289,456 |
| Christopher G Earnhart | Royalties | 13718 HICKORY NUT POINT, Midlothian, VA 23112 | $147,725 |
| - | Royalties | 8301 CATHARPIN LANDING ROAD, Spotsylvania, VA 22553 | $137,725 |
| Line Item | Amount |
|---|---|
| Other Expenses | $2,591,677 |
| Salaries, Compensation, and Employee Benefits | $86,700 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | $328,862 | $82,215 | - | $411,077 |
| Advertising | $81,748 | - | - | $81,748 |
| Other Salaries and Wages | $64,898 | $16,225 | - | $81,123 |
| Other Expenses | $181,403 | $66,180 | - | $66,180 |
| Travel | $37,905 | $3,131 | - | $41,036 |
| Fees for Services Accounting | - | $35,647 | - | $35,647 |
| All Other Expenses | $26,303 | - | - | $26,303 |
| Office Expenses | $18,731 | $1,506 | - | $20,237 |
| Fees for Service Investment Mgmnt Fees | - | $14,953 | - | $14,953 |
| Occupancy | $11,171 | $2,793 | - | $13,964 |
| Depreciation Depletion | $7,120 | - | - | $7,120 |
| Payroll Taxes | $4,462 | $1,115 | - | $5,577 |
| Insurance | - | $5,576 | - | $5,576 |
| Conferences and Meetings | $4,087 | - | - | $4,087 |
| Total Functional Expenses | $2,449,036 | $229,341 | $0 | $2,678,377 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $2,678,377 |
| Expenses per Audited Statements | $2,663,424 |
| Total Expenses per Audited Statements | $2,663,424 |
| Expenses Not Reported on Financial Statements | $14,953 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Vcu | $292,596 |
“Form 990 is reviewed by the foundation's board of trustees upon its completion. A final copy of form 990 is made available to the board after completed. The form is filed and made available for public inspection at the foundation.”
“The foundation's conflict of interest policy requires that each member of the board of directors submit a conlfict of interest disclosure statement annually.”
“Virginia commonwealth university determines the salary for the president.”
“The foundation's governing documents, conflict of interest policy and audited financial statements can be distributed to the public upon request.”
“The foundation's process for selecting independent auditors and oversight of the financial statement audit has not changed from the prior year.”
“The foundation has reviewed and evaluated the relevant technical merits of each of its tax positions in accordance with guidance established by the financial accounting standards board (fasb) and determined that there are no uncertain tax positions that would have a material impact on the financial statements of the foundation. With few exceptions, the foundation is no longer subject to income tax examinations by the taxing authorities for years ending before june 30, 2017.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 479184 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 850984 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 689674 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 1202694 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | VIRIGNIA COMMONWEALTH UNIVERSITY INTELLECTUAL PROPERTY FOUNDATION'S MISSION IS TO FOSTER A CULTURE OF INNOVATION AT VIRGINIA COMMONWEALTH UNIVERSITY (VCU) AND TO PROTECT AND COMMERCIALIZE INVENTIONS CREATED BY THE VCU RESEARCH ENTERPRISE FOR THE BENEFIT OF SOCIETY. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 81748 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 81748 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 26303 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 26303 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8048285188 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 800 E LEIGH STREET NO 3000 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | RICHMOND |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 23219 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 955757 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 623294 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 4 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 4087 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 4087 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 512264 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 289456 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 147725 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 3 | 137725 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 11491 SUNSET HILLS ROAD SUITE 340 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | 1 WELWYN PLACE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 2 | 13718 HICKORY NUT POINT |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 3 | 8301 CATHARPIN LANDING ROAD |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | RESTON |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 1 | RICHMOND |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 2 | MIDLOTHIAN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 3 | SPOTSYLVANIA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 1 | VA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 2 | VA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 3 | VA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 20190 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 1 | 23229 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 2 | 23112 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 3 | 22553 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | WHITHAM CURTIS & COOK PC |
| IRS990/ContractorCompensationGrp/ContractorName/PersonNm | 0 | LAWRENCE SCHWARTZ |
| IRS990/ContractorCompensationGrp/ContractorName/PersonNm | 1 | RICHARD T MARCONI |
| IRS990/ContractorCompensationGrp/ContractorName/PersonNm | 2 | CHRISTOPHER G EARNHART |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | DEVELOPMENT COSTS |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | ROYALTIES |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | ROYALTIES |
| IRS990/ContractorCompensationGrp/ServicesDesc | 3 | ROYALTIES |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 144704 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 83115 |
| IRS990/CYOtherExpensesAmt | 0 | 2591677 |
| IRS990/CYOtherRevenueAmt | 0 | 56473 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 2158108 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -235977 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 86700 |
| IRS990/CYTotalExpensesAmt | 0 | 2678377 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 2442400 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 7120 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 7120 |
| IRS990/Desc | 0 | TO PROTECT AND COMMERCIALIZE VCU TECHNOLOGIES THROUGH PATENTING AND LICENSING. DURING THE FISCAL YEAR ENDED JUNE 30, 2020, THE VIRGINIA COMMONWEALTH UNIVERSITY INTELLECTUAL PROPERTY FOUNDATION HAD - 133 INVENTION DISCLOSURES BY VCU INVENTORS - 172 PATENT APPLICATIONS FILED - 16 PATENTS ISSUED - 22 LICENSES - 145 TARGETED INDUSTRY ENGAGEMENTS. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 5 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 2449036 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 35647 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 35647 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 82215 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 328862 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 411077 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 14953 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 14953 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 27710 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DR IVELINA S METCHEVA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | MR GARY LECLAIR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | MR SPENCER WILLIAMSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | P SRIRAMA RAO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | DR GOPINATH JADHAV |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | L FRANKIN BOST |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | DR REINHOLD BRAND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | NANCY EBERHARDT |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 162633 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | EX-OFFICIO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1994 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 28486 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 8 |
| IRS990/GovernmentGrantsAmt | 0 | 144704 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 28486 |
| IRS990/GrossReceiptsAmt | 0 | 2442400 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 3 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 5576 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 5576 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 54629 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 54629 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 2554451 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 2682885 |
| IRS990/IRPDocumentCnt | 0 | 74 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 13031 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 15449 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 8329 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 21360 |
| IRS990/LegalDomicileStateCd | 0 | VA |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE FOUNDATION DETERMINES THE PATENTABILITY AND OBTAINS PATENTS ON VIRGINIA COMMONWEALTH UNIVERSITY (VCU) INVENTIONS AND MARKETS AND LICENSES SUCH INVENTIONS TO COMMERICAL ENTITIES. THE FOUNDATION'S ACTIVITIES PROMOTE RESEARCH EFFORTS AT THE SCHOOL AND RESULTING ROYALTIES PROVIDE ECONOMIC SUPPORT FOR THE UNIVERSITY. THE FOUNDATION ALSO PROVIDES PATENT AND LICENSING CLINICS FOR VCU STUDENTS AND EMPLOYED APPROXIMATELY 1 VCU STUDENT AS AN INTERN OR PART-TIME EMPLOYEE. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 3578105 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 3394738 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 28486 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 28486 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 52610 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3578105 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 3394738 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 2793 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 11171 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 13964 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 1506 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 18731 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 20237 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | ROYALTY DISTRIBUTIONS |
| IRS990/OtherExpensesGrp/Desc | 1 | PATENT DEVELOPMENT |
| IRS990/OtherExpensesGrp/Desc | 2 | AWARDS |
| IRS990/OtherExpensesGrp/Desc | 3 | BAD DEBT ALLOWANCE EXPE |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 66180 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 1141811 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 540535 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 181403 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1141811 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 540535 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 181403 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 66180 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 183238 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 292596 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | INCOME FROM PARTNERSHI |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 56473 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 56473 |
| IRS990/OtherRevenueTotalAmt | 0 | 56473 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 16225 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 64898 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 81123 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 1115 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 4462 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 5577 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 25196 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 21116 |
| IRS990/PrincipalOfficerNm | 0 | DR IVELINA METCHEVA |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | ROYALTY/LICENSE FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | PATENT COST REIMBURSED |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1933909 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 224199 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1933909 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 224199 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 131410 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 180155 |
| IRS990/PYOtherExpensesAmt | 0 | 2859784 |
| IRS990/PYOtherRevenueAmt | 0 | 9010 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 2227842 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -345353 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 33986 |
| IRS990/PYTotalExpensesAmt | 0 | 2893770 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 2548417 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -235977 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 2214581 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | 1 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 546001758 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 6 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 2449036 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | VIRGINIA COMMONWEALTH UNIVERSITY |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 2449036 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 8329 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 13031 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 21360 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 14953 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 2663424 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InvestmentExpensesNotIncld2Amt | 0 | 14953 |
| IRS990ScheduleD/InvestmentExpensesNotIncldAmt | 0 | 14953 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 52610 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 292596 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO VCU |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 82359 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 1 | 1173120 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 2 | 1427406 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | OTHER INVESTMENTS-PASS THROUGH ENTITIES |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | VCU FOUNDATION FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 2 | MCV FOUNDATION FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 2 | F |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 52610 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 14953 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 2427447 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE FOUNDATION. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE TAXING AUTHORITIES FOR YEARS ENDING BEFORE JUNE 30, 2017. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 8329 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 2682885 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 2678377 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 292596 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 2442400 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 2480057 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 2663424 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 162633 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 16914 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 10796 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | DR IVELINA S METCHEVA |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 190343 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FORM 990 IS REVIEWED BY THE FOUNDATION'S BOARD OF TRUSTEES UPON ITS COMPLETION. A FINAL COPY OF FORM 990 IS MADE AVAILABLE TO THE BOARD AFTER COMPLETED. THE FORM IS FILED AND MADE AVAILABLE FOR PUBLIC INSPECTION AT THE FOUNDATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE FOUNDATION'S CONFLICT OF INTEREST POLICY REQUIRES THAT EACH MEMBER OF THE BOARD OF DIRECTORS SUBMIT A CONLFICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. |
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Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.